Wednesday, October 13, 2010

YS Jagan Mohan Reddys annual income is Rs 500 crores , Via corruption

Y S Jagan Mohan Reddy’s earnings in the first six months of the current financial year can put to shame some corporate biggies like the Tatas, Birlas or the Ambanis.

His individual advance tax collection showcases his anticipated income this year. In the first six months of the current financial year, he has already paid a whopping Rs 84 crore as advance tax, anticipating his annual income to be in the vicinity of Rs 500 crore or much more.

Considering the fact that YS Jagan Mohan Reddy had paid a mere Rs 2.92 lakh tax for the financial year 2008-09, and Rs 6.72 crore for 2009-10. His growth in the half-yearly tax outgo has been more than 1,100% as compared to what he had paid for the same period in 2009.

If it takes decades for some one to become a Tata or an Ambani, it took just a few years for Jagan to be what he is today. So, where has he got all this ill rotten wealth from? We all know don’t we?

Another individual taxpayer who has enriched the government coffers this fiscal with Rs 7 crore (367% up compared to last year) is wife of politician Janardan Reddy from Karnataka. Gali Lakshmi Aruna has a mining company floated in Bellary. Her husband Janardan Reddy is Karnataka’s minister for tourism and infrastructure and Gali was a strong ally of YS Rajashekar Reddy.